Airbnb (ABNB) Net Margin (2020 - 2026)
Airbnb (ABNB) recorded quarterly Net Margin of 5.97% in Q1 2026, down 51.33% quarter-over-quarter from 12.28% in Q4 2025, and down 80.0% on a YoY basis from 29.87% in Q1 2025.
Airbnb (ABNB) Net Margin (2020 - 2026) Analysis & Trends
Airbnb's Net Margin history runs 7 years deep, the most recent figure standing at 5.97% for Q1 2026.
- In Q1 2026, Net Margin fell 80.0% year-over-year to 5.97%; the TTM figure through Mar 2026 stood at 19.9% (down 269.0% YoY), while the FY2025 annual figure was 20.51%, down 334.0% from the prior year.
- Net Margin was 5.97% for Q1 2026 at Airbnb, down from 12.28% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 128.91% in Q3 2023 to a low of 15.73% in Q4 2023.
- Historically, Net Margin has averaged 22.85% across 5 years, with a median of 18.01% in 2022.
- The sharpest annual moves came in 2022 and 2024: Net Margin jumped 13090 bps in 2022, then slumped 9225 bps in 2024.
- A 5-year view of Net Margin shows it stood at 16.77% in 2022, then plunged by 194 bps to 15.73% in 2023, then surged by 218 bps to 18.59% in 2024, then plunged by 34 bps to 12.28% in 2025, then plunged by 51 bps to 5.97% in 2026.
- The last three Net Margin figures came in at 5.97% (Q1 2026), 12.28% (Q4 2025), and 33.55% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 19.58% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 5.97% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 21.34% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 4.27% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | -0.35% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 4.49% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 6.19% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 8.22% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 12.06% |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 9.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.97% |
| Dec 31, 2025 | 12.28% |
| Sep 30, 2025 | 33.55% |
| Jun 30, 2025 | 20.74% |
| Mar 31, 2025 | 6.78% |
| Dec 31, 2024 | 18.59% |
| Sep 30, 2024 | 36.66% |
| Jun 30, 2024 | 20.20% |
| Mar 31, 2024 | 12.32% |
| Dec 31, 2023 | -15.73% |
| Sep 30, 2023 | 128.91% |
| Jun 30, 2023 | 26.17% |
| Mar 31, 2023 | 6.44% |
| Dec 31, 2022 | 16.77% |
| Sep 30, 2022 | 42.09% |
| Jun 30, 2022 | 18.01% |
| Mar 31, 2022 | -1.26% |
| Dec 31, 2021 | 3.56% |
| Sep 30, 2021 | 37.27% |
| Jun 30, 2021 | -5.11% |